19 years of rising dividends for TXN

Article Excerpt

TEXAS INSTRUMENTS INC. $179 is a buy. The company (Nasdaq symbol TXN; High-Growth Dividend Payer Portfolio, Manufacturing sector; Shares outstanding: 907.6 million; Market cap: $162.4 billion; Dividend yield: 2.8%; Dividend Sustainability Rating: Above Average; www.ti.com) makes analog computer chips, which convert touch, sound and pressure into the electronic signals that computers can understand. Starting with the November 2022 payment, the company raised your quarterly dividend by 7.8%, to $1.24 a share from $1.15. The new annual rate of $4.96 yields 2.8%. The company has now raised the annual dividend rate each year for the past 19 years. Texas Instruments can also buy back up to $23.3 billion of its shares. There are no time limits for those repurchases. Texas Instruments is a buy. buy…